Job Report Shocks Markets: Recession Fears?

September 9th market turmoil: A surprising jobs report revealed nearly a million fewer jobs than previously estimated, triggering recession fears and hopes for Federal Reserve rate cuts. JPMorgan Chase CEO Jamie Dimon warns of a weakening economy, while Ibotta and Iridium stocks plummet. Iridium faces mounting pressure from competitors like Starlink and Thales Alenia Space, intensifying market jitters in the tech and communications sectors. Hosted on Acast. See acast.com/privacy for more information.